$USDC USD Coin (USDC) is a type of cryptocurrency known as a stablecoin, which is pegged to the U.S. dollar at a 1:1 ratio. Each USDC token is backed by equivalent reserves of cash or cash-equivalent assets held by regulated financial institutions. Launched by Centre Consortium, founded by Circle and Coinbase, USDC offers a reliable way to transfer value digitally without the volatility of traditional cryptocurrencies. It operates on various blockchain networks, including Ethereum, Solana, and Algorand. USDC is commonly used in decentralized finance (DeFi), payments, and trading, providing transparency, stability, and fast transaction capabilities within the crypto ecosystem.